Virtus Convertible & Income Fund II (NYSE:NCZ) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Virtus Convertible & Income Fund II (NYSE:NCZ) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.07 and traded as high as $3.19. Virtus Convertible & Income Fund II shares last traded at $3.16, with a volume of 288,868 shares changing hands.

Virtus Convertible & Income Fund II Trading Down 0.3 %

The firm’s 50-day moving average price is $3.20 and its 200 day moving average price is $3.07.

Virtus Convertible & Income Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 13th will be paid a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 45.57%. The ex-dividend date of this dividend is Thursday, March 13th.

Institutional Investors Weigh In On Virtus Convertible & Income Fund II

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC purchased a new position in shares of Virtus Convertible & Income Fund II in the 3rd quarter worth approximately $40,000. Greenleaf Trust purchased a new position in Virtus Convertible & Income Fund II in the third quarter worth $77,000. Integrated Capital Management Inc. boosted its position in Virtus Convertible & Income Fund II by 6.0% in the third quarter. Integrated Capital Management Inc. now owns 81,897 shares of the investment management company’s stock worth $255,000 after purchasing an additional 4,646 shares during the last quarter. Choreo LLC bought a new position in Virtus Convertible & Income Fund II in the 2nd quarter valued at $211,000. Finally, J.W. Cole Advisors Inc. purchased a new stake in shares of Virtus Convertible & Income Fund II during the 2nd quarter valued at $100,000.

About Virtus Convertible & Income Fund II

Virtus Convertible & Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade.